The federal government has so far disbursed a total of N351.65 billion grant to participating states in the last four years under the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme for Results (PforR). SFTAS’ National Programme Coordinator,
Mr. Stephen Okon made the disclosure at the weekend in Abuja, on the sidelines of a national workshop for civil society organisations (CSOs). The four-year SFTAS Programme (2018-2022) was approved by the World Bank in June 2018 and commenced in May 2019 to nudge states into imbibing fiscal transparency, accountability and sustainability.
The original $750 million loan from the World Bank comprised two components – the performance-based grants from the federal government to states for achieving the Annual Eligibility Criteria and the Disbursement Linked Indicators (DLIs), which is the programme results. SFTAS, which seeks to encourage states to significantly improve outcomes in four key results, is designed to provide performance –based grants and technical assistance to them to implement the 22- point Fiscal Sustainability Plan (FSP) and the Open Government Partnership (OGP).
The four key areas where states expected to significantly increase results are: Fiscal Transparency and Accountability; Strengthen Domestic Revenue Mobilisation; Increase Efficiency in Public Expenditure and Strengthen Debt Sustainability.
